Ukraine crisis, global fallout — colossal failure of diplomacy

By Dan Steinbock

Feb 28, 2022 12:05 am

As the Ukraine is under fire, the crisis will derail global recovery and increase risk of stagflationary recession. Yet, the crisis was avoidable.

NOT so long ago, the International Monetary Fund projected global growth rate would slow to 4.4 percent in 2022. But as I have warned, it is overshadowed by the global risk of US stagflation.

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